Subprime lenders charge up to 2pc more than mainstream banks and building societies.
Leading subprime lender Start conducted a survey of its customers and found that half of those who took out subprime loans with it in 2005 have now moved to mainstream lenders like AIB and Ulster Bank.
A further 42pc of those who took out subprime mortgages in 2006 have moved to mainstream lenders.
Continue reading from source: Independent.ie
